Corporate Governance and Leverage Ratio
摘要
The preceding chapter explored the linkages between corporate governance monitoring mechanisms and internal cash reserves. This chapter extends empirical investigation to uncover the role of governance attributes in determining how outside funds finance a firm’s assets. Since corporate governance seeks to ensure the safety of and return on investor capital, it can be anticipated that they are likely to affect the proportion of leverage and equity in a firm’s capital structure (Haque et al., 2011).